XRP Price Slips. Why the Crypto Is Falling Despite Its SEC Win. — Barrons.com

By George GloverXRP was giving up some of its gains Thursday, as investors took the opportunity to lock in profit following a big rally.The token, which is used to settle and facilitate transactions on Ripple Labs' digital-payments platform, slipped 1.7% to $2.45, according to data from the crypto exchange Kraken.XRP had jumped about 9% on Wednesday after Ripple CEO Brad Garlinghouse said in a post on X that the Securities and Exchange Commission had dropped its case against the company, bringing an end to a legal battle that had dragged on for more than four years. When reached by Barron's, the SEC declined to comment.XRP was likely sliding Thursday because some traders saw Ripple's apparent win over the agency as a good time to take profit. Now that the market finally has some clarity on that front, the next question will be if another catalyst emerges that can drive the token even higher.Write to George Glover at [email protected] content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.